Upside Play: BABA (Alibaba--$101.02; -1.05; optionable)
http://biz.yahoo.com/p/b/babahtml
After Hours: $101.02
EARNINGS: 05/03/2017
STATUS: Beautiful 1-2-3 test of the earnings gap higher. That gap helped BABA out of the handle to its double bottom with handle base, the two lows spanning November and December. Great breakout, great test. If BABA can hold and log a solid break higher, and hold it, and the rest of the leaders are doing the same, we will pick up some more positions.
Volume: 8.62M Avg Volume: 12.84M
BUY POINT: $102.11 Volume=18M Target=$114.24 Stop=$98.09
POSITION: BABA APR 21 2017 100.00 C - (56 delta) &/or Stock
http://investmenthouse1.com/ihmedia/f/charts/baba.jpg
The above excerpted from the Alert section of the Stock Split Report. Click here to learn about a 2 week trial and how to save $360 per year!
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